Alphabet Stock Price: What's the actual deal today, and what's the inevitable catch?
Larry Page Is Second Richest? Who Cares, the System's Still Rigged
So, Larry Page is now the second richest dude on the planet, huh? After Elon Musk, of course, because who isn't playing second fiddle to that guy? All thanks to Alphabet's stock (aka Google alphabet stock) going bonkers. Shares up over 6% because Meta – that dumpster fire of a company – might use Google's AI chips in 2027. 2027! Give me a break.
First off, who even cares about these billionaire rankings? It’s like a twisted game of Monopoly where the rich just keep gobbling up properties while the rest of us are stuck paying rent on Baltic Avenue. Oh, and Alphabet's stock price today touched an all-time high in premarket trading, rising over 3%. Color me shocked.
The Illusion of Progress
The article says Page's net worth climbed by $8.7 billion on Monday alone. $8.7 billion! I can't even fathom that kind of money. And it all boils down to stock prices. It’s not like he invented a new cure for cancer or solved world hunger. No, he just sat there while his company's stock went up. What a hero.
And then there's this gem: "The rally in Page's personal wealth over the past five years is impressive too, going from $50.9 billion in 2020 to $144 billion at the beginning of 2025." Impressive? It's obscene. It's a middle finger to everyone struggling to make ends meet. It's proof that the system is rigged in favor of the already rich. I mean, let's be real, this ain't about hard work, it's about being in the right place at the right time, and offcourse, exploiting the labor of countless other people.
The AI Hype Train
The whole reason for this surge? Meta is considering using Google's AI chips. Meta! The same company that's been hemorrhaging money on the metaverse and alienating its user base. And now they're pinning their hopes on Google's AI? It’s like the blind leading the… well, you know.
Speaking of AI, analysts expect Alphabet to maintain strong momentum through 2025, driven by demand in digital advertising, cloud computing and AI services. Most price targets indicate that Alphabet remains undervalued relative to its long-term earnings potential. GOOG Stock Price Prediction: Where Alphabet Could Be by 2025, 2026, and 2030 Undervalued? When the guy at the top is worth almost $270 billion? Maybe I'm missing something here.
Google Search still commands nearly 90 percent of the global search engine market, processing more than 9.5 million queries per minute. Yeah, a near-monopoly. That's what we're celebrating.
Alphabet shares have rallied almost 70% this year, outperforming other megacaps and bringing it close to the prized $4 trillion market capitalisation. This system isn't just broken; it's actively rewarding the worst behavior.
So What?
Larry Page "vacated the CEO office in 2019 but continued to remain a stakeholder at the company, which explains the meteoric surge in his wealth." Yeah, he's not even running the show anymore, just raking in the dough.
I keep thinking about all the problems that amount of money could solve. Homelessness, poverty, climate change... but no, it's all going into one guy's bank account.